SARAWAK Energy Berhad (SEB) has sealed an agreement to provide OM Holdings with 500MW of electricity for a contract period of 20 years.

The deal is to power its US$500 million (over RM1.5 billion) investment in a ferro alloy smelting plant in the Sarawak Corridor of Renewable Energy (SCORE) — OMH’s largest investment to date.

Earthworks for the plant started early last year and the plant is expected to be fully operational by June 30, 2015.

It will start receiving an initial 30MW of power after July 31 next year.

The plant is expected to produce 300,000 tonnes of manganese alloy and 300,000 tonnes of ferro silicon annually.

It is likely to create between 2,500 and 3,000 new jobs.

Now if we didn’t have SCORE and the clean electricity generated hydroelectric dams such as Bakun, international companies the likes of OMH would not even look at setting up their businesses in Sarawak.

The billions of ringgit they are pouring into the State is what will secure real transformation Sarawakians and open up new job opportunities.

A binding term sheet is already in place for OMH’s plant in Samalaju to provide JFE Shoji Trade Corporation of Japan with up to 100,000 tonnes per annum of Ferro Silicon.

Yup that’s right – even before construction has begun on the plant! That’s how confident these global companies are in SCORE!

In case you didn’t know, OMH is a Singapore-based company with global operations. In 2008, it was selected as a constituent of the S&P/ASX 200, a stock index comprised of 200 select ASX listed companies.

JFE Shoji Trade Corporation, established in 1954, has ¥14.5 billion (RM575.2 million) in capital. It has 30 overseas offices in 15 countries in Asia, Europe, Oceania and the Americas.